Late-stage VC dominates in Europe

Later-stage venture capital investments in Europe grew by €90m ($107m) to €1.76bn last year, the most invested in the class since 2002, despite a slowdown in overall venture capital investing.

In total, the venture capital industry completed 1,020 financing rounds last year, down 16%, and invested €3.6bn, a decline of 5% compared with the preceding year, according to the European Venture Capital Report released by Ernst & Young and Dow Jones VentureOne.